Topic filter : Stamp Duty

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....The London-focused developer also said inquiry levels remained "robust" and pricing continued to be "resilient". It said the market had been adversely affected by a number of factors apart from Brexit uncertainty, including changes to stamp duty, the challenges of securing planning permission and the demands to provide affordable housing. ... [Read full article on BBC ]
Friday 17th of March 2017 09:16:55 AM
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....In short, the advice is: do your research, take advice if necessary, and choose a deal based on whether it suits your financial needs and is competitively priced, rather than any “bribes” on offer. Mark Harris at mortgage broker SPF Private Clients, says cashback comes in all shapes and sizes – from fairly nominal amounts, to more sizeable sums, which could be a contribution towards – or completely offset – your stamp duty. ... [Read full article on Guardian ]
Saturday 18th of March 2017 07:00:32 AM
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....Amateur landlords now make up just 8 per cent of market activity, Connells says, as the Treasury’s tax onslaught on the sector squeezes profits. Second home buyers have to pay a 3 per cent stamp duty surcharge on purchases, while wear and tear allowances have also been squeezed. ... [Read full article on Daily Express ]
Sunday 19th of March 2017 12:01:00 AM
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Latest Finance News related to Stamp Duty

Five-minute guide to…The resurgence of first-time buyers image
Source : Daily Express [Read Article] Sunday 19th of March 2017 12:01:00 AM
....Amateur landlords now make up just 8 per cent of market activity, Connells says, as the Treasury’s tax onslaught on the sector squeezes profits. Second home buyers have to pay a 3 per cent stamp duty surcharge on purchases, while wear and tear allowances have also been squeezed. ...
Are these cashback deals  a carrot… or a costly stick? image
Source : Guardian [Read Article] Saturday 18th of March 2017 07:00:32 AM
....In short, the advice is: do your research, take advice if necessary, and choose a deal based on whether it suits your financial needs and is competitively priced, rather than any “bribes” on offer. Mark Harris at mortgage broker SPF Private Clients, says cashback comes in all shapes and sizes – from fairly nominal amounts, to more sizeable sums, which could be a contribution towards – or completely offset – your stamp duty. ...
Housebuilder Berkeley shrugs off Brexit vote to hit profit targets image
....The London-focused developer also said inquiry levels remained "robust" and pricing continued to be "resilient". It said the market had been adversely affected by a number of factors apart from Brexit uncertainty, including changes to stamp duty, the challenges of securing planning permission and the demands to provide affordable housing. ...
Rents fall for first time in six years image
Source : BBC [Read Article] Monday 13th of March 2017 09:20:45 AM
....The drop has been due to a big recent increase in the supply of properties becoming available, mainly in London. That was due to some landlords rushing to buy last year before a 3% stamp duty surcharge came into effect. ...
UK average annual rents fall for first time in six years image
Source : Guardian [Read Article] Monday 13th of March 2017 06:00:24 AM
....In February, the average rent in Britain was £921 a month, £5 lower than a year earlier, and the first annual decrease since 2011. Countrywide, which compiled the figures, said the buying frenzy ahead of the hike in stamp duty last year pushed up the supply of new homes for letting by 10%. ...
Landlord tax: How to beat new buy-to-let charges coming in NEXT month  image
Source : Daily Express [Read Article] Friday 10th of March 2017 04:44:00 PM
....“With this Government’s recent track record in mind, we’d advise any landlords who have yet to incorporate to wait to see whether a consultation is launched in the Budget before making a decision. ”It comes after investors were last year hit with an extra three per cent in stamp duty on second properties. ...
Foxtons sees property sales plunge as Brexit vote hits image
Source : BBC [Read Article] Wednesday 8th of March 2017 08:06:35 AM
. Foxtons says revenue from property sales plunged 23% last year due to uncertainty following the Brexit vote as well as changes to stamp duty. ...
Reality Check image
Source : BBC [Read Article] Tuesday 7th of March 2017 01:31:56 AM
....The category of tax that has been rising strikingly and is mainly responsible for the increase next year is "other". That includes the new dividend tax regime, the increased insurance premium tax and a higher rate of stamp duty land tax for second homes. ...
Simplify the tax system and the ‘economy will be more efficient’ image
Source : Daily Express [Read Article] Monday 6th of March 2017 08:33:00 AM
. The body wants the Government to do away with capital gains tax, stamp duty, council tax, business rates and inheritance tax. ...
Buy-to-let landlords face huge tax increase from new law image
Source : Daily Express [Read Article] Sunday 5th of March 2017 12:01:00 AM
London loses out in business rates revamp image
Source : BBC [Read Article] Saturday 4th of March 2017 12:07:28 AM
.... . In the 2004-5 tax year London's taxes - including income tax, corporation tax and stamp duty - accounted for 25% of Britain's overall tax revenue. ...
House sellers 'should pay stamp duty' image
Source : BBC [Read Article] Thursday 2nd of March 2017 01:38:01 PM
....The rate steadily increases for more expensive properties. The stamp duty threshold was increased to £125,000 in 2006 to keep pace with house price inflation. ...
‘Buy for Uni’ mortgage turns students into landlords image
Source : Guardian [Read Article] Monday 27th of February 2017 09:28:35 AM
....Stamp duty One benefit is that the property will be in the child’s name. “That avoids any potential stamp duty land tax surcharge on the purchase of additional property, assuming that the parent already owns their own home,” explains Hollingworth. ...
London home movers drops to lowest level since 1991, mortgage figures show image
Source : Daily Express [Read Article] Wednesday 22nd of February 2017 04:38:00 PM
....". Some experts have said recent stamp duty changes, which made the tax cheaper for the majority of home buyers but more expensive for the purchase of top-end homes, have had a dampening effect on the London market. ...
UK house price growth at slowest rate in four years image
Source : Guardian [Read Article] Monday 20th of February 2017 07:01:30 AM
....”. Rightmove said the housing market was boosted in early 2016 by “frenzied” buy-to-let investors who rushed to complete transactions before new stamp duty rules were introduced in April, making this year look subdued by comparison. ...
A London penthouse for £60,000. No, not to buy – that's the weekly rent image
Source : Guardian [Read Article] Saturday 18th of February 2017 09:00:35 AM
....It may cost £60,000 a week to rent, but London’s most expensive flat does come with a butler, a choice of daily newspaper – and the use of an Aston Martin. The 448 sq metre art deco Park Lane penthouse is the costliest of a new breed of ultra-luxurious properties designed to cater for the global super-rich, who are choosing to rent rather than buy in London in order to avoid million pound-plus stamp duty bills. ...
Will we pay higher stamp duty on a buy-to-let property? image
Source : Guardian [Read Article] Thursday 16th of February 2017 11:10:19 AM
New double whammy to hurt prudent older savers image
Source : Daily Express [Read Article] Tuesday 14th of February 2017 10:29:00 PM
.... . New figures published yesterday by the Council of Mortgage Lenders showed that investors have been deterred by the 3 per cent stamp duty surcharge on second properties, introduced last April. ...
New mortgage helps buyers meet Stamp Duty costs  image
Source : Daily Express [Read Article] Tuesday 14th of February 2017 12:01:00 AM
. Barclays said its homebuyer cashback mortgage is designed to help first-time buyers or home movers recover the cost of stamp duty on their new property purchases. ...
Foreign billionaires in London choosing to rent to avoid stamp duty image
Source : Guardian [Read Article] Sunday 12th of February 2017 04:04:20 PM
.... Lettings that cost more than £3,000 a week – £156,000 a year – increased by 28% in the last three months of 2016, according to research by the property data service LonRes. The number of prime central lettings in the capital has risen steadily since the introduction in April 2016 of a 15% stamp duty tax on properties bought via offshore trusts, and a three percentage point surcharge on stamp duty on second homes. ...
Government willing to admit UK housing market is
Source : Daily Express [Read Article] Sunday 12th of February 2017 12:01:00 AM
.... That is even faster than the anticipated 20 per cent rise in house prices. The only positive news for first-time buyers is that competition from buy-to-let landlords is shrinking, as the recent 3 per cent stamp duty surcharge on second home purchases has been deterring new investors. ...
UK rents expected to rise faster than house prices in next five years image
Source : Guardian [Read Article] Thursday 9th of February 2017 12:01:07 AM
....Rics said there was a lack of new listings coming on to the lettings market for the fourth quarter in a row and its members expect this to worsen. The past few months have seen a number of buy-to-let investors sell up, including Britain’s biggest landlord, Fergus Wilson and his wife, Judith, who declared that the days of small buy-to-let landlords were numbered after the stamp duty increase last year and other tax changes, along with tougher mortgage rules. ...
Brexit has allowed the banks to get off Britain's naughty step image
Source : Guardian [Read Article] Sunday 29th of January 2017 04:00:28 PM
....Even so, a group of 10 EU countries – including the eurozone’s big four of Germany, France, Italy and Spain – have been working on plans for an FTT and last week Pierre Moscovici, the EU commissioner for the economy, said he thought an agreement was within reach. A forthcoming paper for the Robin Hood Tax campaign by the former City banker Avinash Persaud says the government could build on an existing financial transaction tax – stamp duty on share trades – to create a more broadly-based levy that would raise an additional £5bn a year. ...
Brad Pitt and Angelina Jolie: faces of the new 'global citizen class'? image
Source : Guardian [Read Article] Friday 20th of January 2017 05:50:56 PM
....”. London was named the most desireable city for the wealthy to buy property because of its personal and business safety, culture, education and shopping, and despite the government increasing stamp duty on second homes worth more than £1. ...
‘I thought I’d bought my first home, but I lost £67,000 in a conveyancing scam’ image
.... He had to make the transfers online as he was travelling abroad for work and realised that if that was the case for all the remaining tranches of money he would miss his completion date. Mollett says the solicitors had emphasised how important it was to ensure all the funds reached them on time, so he emailed the Sethi Partnership that same day asking about the best way to get the rest of the money – a total of £74,837 to cover the remaining deposit, stamp duty, fees etc – to them promptly to meet the deadline. ...
Foxtons shares slump after significant fall in London property sales image
Source : Guardian [Read Article] Wednesday 11th of January 2017 09:45:19 AM
.... Should current levels of sales activity continue in the short term, it is likely that 2017 volumes will be below those in 2016,” he said. A company spokesman said Foxtons had been hit by uncertainty caused by the Brexit vote, affecting foreign buyers in particular; the impact of last April’s 3% stamp duty rise on the top end of the market; and general affordability issues, with rising house prices far outstripping wage growth in recent years. ...
The Guardian view on the housing crisis: right to rent | Editorial image
Source : Guardian [Read Article] Sunday 8th of January 2017 07:21:18 PM
.... As an IPPR report concluded in October, what is needed is an active deal-making process between the devolved authorities and Whitehall, where the former release public land and invest public money in developing local skills. In return, the government rationalises funding streams, allows retention of stamp duty on new builds, and devolves control over council tax to shape types of tenure. ...
Five minute guide to surviving a New Year separation image
Source : Daily Express [Read Article] Sunday 8th of January 2017 12:01:00 AM
.... . Divorce is an expensive business, especially if there is a house move involved, with couples spending on average £11,894 on stamp duty, removals, estate agency and surveyor fees, according to mutual society OneFamily. ...
Top London property prices 'pushed down by taxes and Brexit vote' image
Source : Guardian [Read Article] Thursday 5th of January 2017 11:24:11 AM
....9% when including the rest of the capital. But the real estate firm said a collapse in the number of sales had slowed as sellers adjusted asking prices to reflect increases in stamp duty and the dampening effect of the Brexit vote. ...
House prices 2017 image
Source : BBC [Read Article] Monday 2nd of January 2017 11:30:29 PM
....Despite the drop in activity in London, the average house price in the capital is still £474,000, more than double the typical price of £217,000 in the UK as a whole, according to the latest official figures from the Office for National Statistics (ONS). The slowdown in central London is the result of the most significant change in the housing market in 2016 - a stamp duty surcharge on buy-to-let and second homes. ...
Why the UK economy could fare better in 2017 than forecasters predict image
Source : Guardian [Read Article] Sunday 1st of January 2017 12:36:53 PM
.... There are warnings the levy may prompt unscrupulous employers to rebadge existing jobs as apprenticeships to meet training targets and recoup the costs of the charge. There was no house price crash after the referendum, but growth eased, dampened by Brexit-related uncertainty and stamp duty changes. ...
Snow cabins and jungle showers: the latest perks of a luxury London flat image
Source : Guardian [Read Article] Wednesday 28th of December 2016 01:59:49 PM
....Nine newly built homes worth more than £5m were sold in the six months to October, down 83% on the same period in 2015, according to analysis of Land Registry data published earlier this month by property investment company LCP. Increases in stamp duty announced by the former chancellor George Osborne and the uncertainty of Brexit have been blamed. ...
UK house prices to rise marginally in 2017, says Halifax image
Source : Guardian [Read Article] Wednesday 28th of December 2016 12:01:20 AM
.... It forecasts zero growth in central districts during 2017 and falls in the outer prime areas such as Richmond. It blamed high levels of stamp duty – £43,750 on a £1m property – rather than Brexit for the stalling market. ...
First-time buyer aid cash: SW England gets biggest share image
Source : BBC [Read Article] Friday 23rd of December 2016 03:35:17 AM
. The South-West has been awarded the largest share of a fund raised through extra stamp duty on second homes to help first-time buyers in England. ...
Stamp duty land tax boosts tax receipts image
Source : BBC [Read Article] Wednesday 21st of December 2016 04:36:38 PM
....Official figures show that £7. 7bn has been raised from stamp duty land tax (SDLT) during the first eight months of the 2016-17 financial year. ...
Income tax powers for Wales set to come in 2019 image
Source : BBC [Read Article] Monday 19th of December 2016 05:58:56 AM
.... . The Welsh Government has already been granted powers over stamp duty - to be replaced by a Land Transaction Tax - and the tax on landfill sites, both of which will take effect in April 2018. ...
Housing sales to fall in 2017, says CML image
Source : Guardian [Read Article] Thursday 15th of December 2016 11:55:23 AM
....26m it forecast a year ago, which the CML said was “partly relating to the economic uncertainty from the EU referendum, but also because of tax and regulatory changes in the housing and mortgage market”. In April, a higher rate of stamp duty on second homes was introduced, increasing the upfront cost of buying investment property. ...
Mortgage market to plateau until 2018, lenders warn image
Source : BBC [Read Article] Thursday 15th of December 2016 11:31:15 AM
....It said it expected 2015 to have been the "high watermark" of landlord borrowing, with each of the following three years seeing declines. It blamed stamp duty and regulatory changes. ...
Mortgage data points to slowdown in UK housing market in October image
Source : Guardian [Read Article] Wednesday 14th of December 2016 01:43:57 PM
....”. Activity in the buy-to-let market – which is being monitored by the Bank of England – has been slowing as a result of the 3% stamp duty surcharge on second properties introduced in April. ...
House prices crash in London's richest areas - but surge in the East of England image
Source : Daily Express [Read Article] Tuesday 13th of December 2016 04:44:00 PM
....1 per cent month on month, the data showed. Experts said London's slowdown is down to the Government's higher stamp duty rates for buy-to-let investors and high value buyers. ...
Is property facing a meltdown in 2017? image
Source : Daily Express [Read Article] Sunday 11th of December 2016 10:10:00 AM
....There is no doubt a measured slowdown would be a good thing, especially in London, where the average property now costs £482,800, up 86 per cent since 2009, against an average salary of £33,720 in the capital. Mark Hayward, managing director of the National Association of Estate Agents, says the high-end London market has been hit by stamp duty hikes and taxes on overseas buyers. ...
How a healthy buy-to-let profit could soon become a painful loss image
Source : Guardian [Read Article] Saturday 10th of December 2016 07:00:07 AM
....That in turn means Mr/Ms Example’s net profit after tax takes a big tumble, falling from a current £1,680 a year to a £280 loss in 2020-21. However, this is arguably too upbeat in that it doesn’t factor in the upfront costs of acquiring the property, including the new higher stamp duty on buy-to-lets. ...
Buy to let: ‘We landlords are being vilified’ image
Source : Guardian [Read Article] Saturday 10th of December 2016 06:59:07 AM
.... Other landlords say that their effective tax bill will rise to 100%. As the buy-to-let market reels from last April’s stamp duty hike, and awaits the tightening of lending criteria starting in January and the steep increase in tax being phased in from next April, is the party over for Britain’s two million landlords?. ...
Days of the buy-to-let landlord are numbered, says Fergus Wilson image
Source : Guardian [Read Article] Friday 9th of December 2016 10:11:07 AM
.... “The government has recognised that the appeal of buy-to-let investment is not only making it harder for people to buy their first home, but is drawing capital away from productive parts of the economy, such as job-creating businesses and building new homes. “Both the stamp duty surcharge and withdrawal of tax relief will reduce the incentives for borrowing heavily to speculate on house prices, and help create a fairer housing market. ...
BREXIT BOOST: House prices strongest since April as low supply pushes up values  image
Source : Daily Express [Read Article] Thursday 8th of December 2016 04:27:00 PM
....Simon Rubinsohn, chief economist at Rics, said although there are signs that sales activity may edge up towards the New Year, the ongoing shortfall in the supply of homes and recent tax changes affecting buyers suggest that any pick-up will be "relatively modest". Changes to the structure of stamp duty have made the tax more expensive for some people buying top-end homes, and there have been suggestions this has impacted on the London market in particular. ...
Can we divorce to avoid the higher stamp duty on second homes? image
Source : Guardian [Read Article] Thursday 8th of December 2016 07:00:09 AM
. Q I was wondering if, under the new stamp duty laws for second properties, it would be worthwhile considering a divorce before purchasing? My husband does not own any property and we are considered purchasing a home together. ...
Housing market faces slow start to 2017, says Rics image
Source : BBC [Read Article] Thursday 8th of December 2016 12:23:27 AM
....The Rics report said this highlighted the fact that "the supply shortage [is] a very dominant feature of the market at present". Changes to the structure of stamp duty has hit the market for £1m-plus homes, particularly in London. ...
UK luxury homes market slumps after Brexit vote image
Source : Guardian [Read Article] Wednesday 7th of December 2016 07:36:12 PM
.... Transactions for all UK properties costing between £5m and £10m were down by 51%, from 201 to just 99. LCP said the figures, which are taken from Land Registry data, showed that the market had been hit hard by a new higher rate of stamp duty on second homes which came into effect at the start of April. ...
UK office construction forecast to plunge after Brexit vote image
Source : Guardian [Read Article] Tuesday 6th of December 2016 02:29:49 PM
....Savills also sees an end to the post-credit crunch house price boom, forecasting that residential prices will flatline next year after five years of increases. London’s luxury property market has been hit in particular, as Brexit uncertainty and increased stamp duty have been putting off foreign buyers. ...
Home truths: house price rises to slow to trickle as Brexit and stamp duty hit image
.... Its most recent report showed the number of homes on estate agents’ books remaining low. Figures from HM Revenue & Customs show transactions surging in March before higher stamp duty rates were imposed on second homes, but these have now fallen to lower than in 2015. ...
Stamp duty rise hits Berkeley Group demand image
Source : BBC [Read Article] Friday 2nd of December 2016 09:16:59 AM
. Housebuilder Berkeley has reported a 20% slump in reservations for its properties, blaming higher stamp duty for landlords and Brexit uncertainty. ...
FTSE 100 closes down ahead of Italian referendum image
Source : BBC [Read Article] Friday 2nd of December 2016 09:02:58 AM
....45% after the housebuilder posted a 34% rise in half-year profits. However, the company also said reservations were down 20% over the period, which it blamed on the higher stamp duty for buy-to-let landlords and uncertainty caused by the Brexit vote. ...
Berkeley Group boosts profits by 34% image
Source : Guardian [Read Article] Friday 2nd of December 2016 08:15:56 AM
. Housebuilder Berkeley Group has bolstered profits by a third despite seeing demand take a hit from Brexit uncertainty, rising stamp duty and the “extraordinary attack” on buy-to-let landlords. ...
Landlords scramble to avoid higher buy-to-let taxes, report finds image
Source : Guardian [Read Article] Friday 2nd of December 2016 12:01:00 AM
.... In the first nine months of this year, 100,000 limited company loans were taken out by landlords buying properties, it said – double the number for all of 2015. In March, as purchases soared ahead of a new higher rate of stamp duty on second homes, 20,500 of the loans were taken out. ...
Hammond's £400m for venture capital funds is no joke – unfortunately image
Source : Guardian [Read Article] Thursday 24th of November 2016 08:28:46 PM
....London, where Countrywide reports exchanges down 29% in the latest quarter, is the group’s biggest headache, but its nationwide volumes for 2016 are still expected to be 6% lower, with a further fall on the cards for 2017. The catch-all “Brexit uncertainties” take some of the blame, but in London the bigger factor seems to be former chancellor George Osborne’s hikes to stamp duty on higher-priced homes in December 2014, and again April this year. ...
Countrywide shares plummet as transactions fall image
Source : BBC [Read Article] Thursday 24th of November 2016 09:49:08 AM
.... . In its third quarter trading update Countrywide said it expected transactions to fall because of stamp duty changes and the Brexit vote. ...
FTSE 100 recovers ground lifted by Direct Line image
Source : BBC [Read Article] Thursday 24th of November 2016 09:39:32 AM
....However, fellow FTSE 250 company Countrywide saw its shares dive 12% after it warned that its full-year profits were set to be at the low end of expectations. The UK's largest estate agency said the number of transactions in the market was "significantly below" last year, with activity hit since the EU referendum and changes to stamp duty. ...
Countrywide warns over profits amid housing slowdown image
Source : Guardian [Read Article] Thursday 24th of November 2016 08:56:50 AM
....The poor trading update and fees ban have together wiped more than £75m off the value of the company this week and the shares are now worth less than half the 350p they were valued at when the business joined the stock market in 2013. Countrywide blamed the decline in trading in the capital on fallout from the Brexit vote and changes to stamp duty. ...
Housing gets £4bn boost to increase number of new homes image
Source : Guardian [Read Article] Thursday 24th of November 2016 07:00:27 AM
....”. Ahead of the statement, estate agents had called on the chancellor to make changes to stamp duty at the top end of the market and to look again at the new higher rate of tax on second homes. ...
Mortgage costs and tax are complicating our move image
Source : Guardian [Read Article] Thursday 24th of November 2016 07:00:27 AM
.... That £130,000 figure also assumes that your CGT calculation is correct, which I’m slightly doubtful about, not least because you mention including the mortgage in the CGT sums – you don’t need to do this. You do, however, need to factor in buying and selling costs such as legal fees, stamp duty, estate agents’ fees and the cost of capital improvements to the property if there were any. ...
Letting agent fees banned in Autumn Statement in ANOTHER assault on UK's small landlords image
....Yet the Government has announced a series of measures that make it much harder for landlords to make a return. In April an extra three per cent stamp duty for second home buyers was introduced. ...
North of England loses 310,000 graduates in 10-year brain drain image
Source : Guardian [Read Article] Saturday 19th of November 2016 09:02:23 PM
....The migration figures were compiled by Homes for the North, a new campaign group made up of 19 housing associations which provide homes to a million people. The group has published a report calling on the chancellor to raise the stamp duty threshold to £350,000 and to lower business rates in an attempt to attract and retain highly qualified workers. ...
Autumn statement: why the chancellor mustn’t cut stamp duty image
Source : Guardian [Read Article] Saturday 19th of November 2016 07:00:01 AM
.... Or will he listen instead to a vociferous campaign on the front pages of the Daily Telegraph, demanding tax cuts for people who can afford to buy £1m houses?. The nub of the Telegraph campaign is that stamp duty charges for homebuyers are too high. ...
'Life-changing'  image
Source : BBC [Read Article] Friday 18th of November 2016 10:11:37 PM
....The government is expected to announce a programme of support for similar coastal and rural CLTs in the Autumn Statement. It will be funded out of the extra stamp duty chargeable on second homes. ...
Bank of England clampdown on buy-to-let mortgages image
Source : Daily Express [Read Article] Thursday 17th of November 2016 04:38:00 PM
....The Bank of England has previously sounded the alarm over buy-to-let mortgages and said the boom in British landlords risks a house price crash. In a bid to deter property investment, former chancellor George Osborne introduced an extra three per cent stamp duty for second home buyers earlier this year. ...
Bank of England given new powers to curb risky buy-to-let lending image
Source : Guardian [Read Article] Wednesday 16th of November 2016 07:20:51 PM
....The Bank is also alert to tax changes, to see if they will have an impact. From 2017 tax relief for buy to let will be reduced to a flat rate of 20% compared with the current 40% or 45%, while an extra 3% has been added to stamp duty on buy-to-let purchases. ...
Barratt Developments says demand for new homes 'strong' image
Source : BBC [Read Article] Wednesday 16th of November 2016 08:38:57 AM
....The news comes on the day that a report said first-time buyers need more help to stop a decline in home ownership. Average prices have fallen in central London because of an increase in stamp duty property tax and the uncertainty created by the June 23 EU referendum. ...
Barratt cuts price of £1m-plus London homes image
Source : Guardian [Read Article] Wednesday 16th of November 2016 08:13:21 AM
....”. Activity at the top end of the London housing market has fallen since the then chancellor, George Osborne, overhauled stamp duty in December 2014. ...
Most renters feel they're unlikely to buy home in next five years – review image
....Shipside said first-time buyers needed help in the government’s autumn statement on 23 November. “Short-term options that might be top of a first-time buyer’s list would be a stamp duty holiday exclusive to them,” he said. ...
How insurers are watching you online, and is it time to switch energy provider? image
....Triple-lock pension should be scrapped, say MPs. Rise in sales of £1m-plus homes despite high stamp duty bills. ...
Homebuyers return but struggle to find suitable properties, says Rics image
Source : Guardian [Read Article] Thursday 10th of November 2016 12:01:17 AM
....London remained an exception where prices fell for the eighth month, with 16% more surveyors reporting falling rather than rising prices. This reflected affordability issues and the slump in luxury home sales in inner London owing to Brexit uncertainty and stamp duty changes, while the outer boroughs were still seeing significant price growth, Rics said. ...
Business leaders urge government to tackle UK housing crisis image
Source : Guardian [Read Article] Monday 7th of November 2016 12:01:30 AM
....The private rented sector is one area highlighted by the CBI, as is helping “empty nesters” move into smaller properties or retirement homes, which make up only 3% of new builds. The CBI said there could be stamp duty exemptions for these properties. ...
Number of million-pound houses rises - survey image
Source : BBC [Read Article] Saturday 5th of November 2016 04:59:29 AM
....The report said the average price of a property selling for more than £1m had dropped from £1,862,578 to £1,727,327 over a two-year period. Changes in stamp duty in late 2014 made it more expensive for buyers to purchase a home which was worth more than £937,500. ...
MAPPED: Which area of the UK will see the biggest house price booms within five years image
.... . "Increasingly, taxation is being used as a housing policy tool, whether that be the reduction of tax reliefs for buy-to-let landlords, a stamp duty surcharge for investment properties and second homes or the high rates of stamp duty applied at the top of the market. ...

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